Home / Knowledge / News / Fashion / Boohoo obtains approval to acquire Nasty Gal
Boohoo obtains approval to acquire Nasty Gal
10
Feb '17
Courtesy: Boohoo
Courtesy: Boohoo
UK online fashion retailer Boohoo.com plc has obtained US Bankruptcy Court approval to acquire intellectual property assets and customer databases from retailer Nasty Gal Inc. for $20 million. The transaction, subject to the satisfaction of customary closing conditions waivable at the Boohoo Group’s discretion, is expected to complete on February 28, 2017.
 
Subsequent to Boohoo’s December 28, 2016 announcement that it had entered into an asset purchase agreement to acquire certain intellectual property assets and customer databases from retailer Nasty Gal, Boohoo was notified by Nasty Gal’s counsel that “no acceptable, qualifying bids have been received for the intellectual property assets and customer databases and, therefore no auction will take place.”
 
“We are delighted to have been successful in our bid to acquire Nasty Gal. It represents an exciting opportunity to accelerate our international offering and inspire an ever-growing range of young customers in the US and around the world,” commented Mahmud Kamani and Carol Kane, joint CEOs, Boohoo.
 
From the UK’s best kept fashion secret to one of the fastest growing international retailers, Boohoo has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, Boohoo has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
 
Founded in 2006, Los Angeles based Nasty Gal is a pioneer in both the curation and design of women’s clothing, shoes, and accessories. The company has a global presence in 180 countries and a social media following of over 3.5 million. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search